2016-04-11

SDR Inclusion Was A Honeypot: US Asks IMF to Aggressively Police Members

US Treasury Secretary Jack Lew has called for the International Monetary Fund to play a more aggressive role in policing exchange rate fluctuations, global imbalances and its members’ failures to live up to commitments to boost ailing global demand.

...Mr Lew’s comments signal continuing US anxiety over the nature of some currency movements around the world and the management of current account surpluses by other big economies such as China and Germany.